Alliance Bank eyes 15-17% growth in SME business

Alliance Bank Malaysia is confident of gaining a 15-17 percent growth in its SME business for its financial year ending March 31, 2013.

The is the same growth percentage achieved for the previous financial year.

Its Head of SME Banking, Steve Miller said the growth would be driven by transaction banking such as trade and payment collections.

Meanwhile, Vice President and Senior Country Manager, Malaysia and Brunei, MasterCard Worldwide, Jim Cheah said at the launch, that the SME sector is an important segment of the economy, being the second largest employer in the country after the government.

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